Section 7-22-16 - Purchase of warrants by treasurer prohibited--Forfeiture of amount due. - South Dakota Statutes

7-22-16. Purchase of warrants by treasurer prohibited--Forfeiture of amount due. No county treasurer shall either directly or indirectly contract for or purchase any warrant issued by the county of which he is the treasurer at any discount whatever upon the sum due on such warrant; and if any county treasurer shall so contract for or purchase any such warrant, he shall not be allowed in settlement the amount of such warrant or any part thereof and shall forfeit the whole amount due on such warrant to be recovered by civil action at the suit of the state for the use of the county.

Source: SL 1868-9, ch 25, § 103; PolC 1877, ch 28, § 99; CL 1887, § 1660; RPolC 1903, § 2237; RC 1919, § 6952; SDC 1939, § 12.0815.